ABB India jumps 7.3% in two days

ABB India rose 3.83% to Rs 1,208.50 at 11:56 IST on BSE, with the stock extending yesterday's gains triggered by the company securing orders worth Rs 334 crore.

Meanwhile, the S&P BSE Sensex was up 53.13 points or 0.19% at 28,495.84.

On BSE, so far 19,000 shares were traded in the counter as against average daily volume of 17,246 shares in the past one quarter.

The stock hit a high of Rs 1,219 and a low of Rs 1,175 so far during the day. The stock had hit a 52-week high of Rs 1,263.50 on 22 September 2014. The stock had hit a 52-week low of Rs 568.05 on 30 January 2014.

The stock had underperformed the market over the past one month till 3 December 2014, advancing 1.47% compared with Sensex's 2.09% rise. The scrip had, however, outperformed the market in past one quarter, surging 11.76% as against Sensex's 4.8% rise.

The large-cap company has equity capital of Rs 42.38 crore. Face value per share is Rs 2.

Shares of ABB India have risen 7.31% in two trading sessions from Rs 1,126.15 on 2 December 2014, after the company during market hours yesterday, 3 December 2014 said it has bagged orders worth Rs 334 crore from public utilities, Bihar Grid Corporation (BGCL) and West Bengal State Electricity Transmission Company (WBSETCL), to build new transmission and distribution substations that will boost power supply in the region. The stock had surged 3.36% to settle at Rs 1,163.95 yesterday, 3 December 2014.

ABB India's net profit rose 18.3% to Rs 44.98 crore on 3.3% growth in net sales to Rs 1821.38 crore in Q3 September 2014 over Q3 September 2013.

ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.

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